Decrease in Commitments Clause Samples
Decrease in Commitments. The Borrower, the Lenders and the Agent hereby agree that, on the Ninth Amendment Effective Date, the aggregate Commitments of the Lenders will be reduced to $150,000,000.
Decrease in Commitments. Upon the execution of this Amendment by the Borrowers, the Agent and the Required Banks, the Commitments for all the Banks shall be reduced to $175,000,000. Accordingly, upon such execution, the amount of each Bank's Commitment set forth opposite its name on its signature page to the Credit Agreement (or, if relevant, on an assignment agreement pursuant to Section 15.12 of the Credit Agreement, as the case may be) shall be supplemented so as to reflect such Bank's Commitment as follows: BANK AMOUNT OF COMMITMENT Harr▇▇ ▇▇▇st and Savings Bank $ 24,500,000.00 Bank One, NA $ 21,000,000.00 Bank of America, N.A. (formerly NationsBank, N.A.) $ 21,000,000.00 Comerica Bank $ 24,500,000.00 SunTrust Bank, Atlanta $ 21,000,000.00 ABN AMRO Bank N.V. $ 21,000,000.00 Michigan National Bank $ 14,000,000.00 The Bank of New York $ 14,000,000.00 Firstar Bank of Milwaukee, N.A. $ 14,000,000.00 ---------------- Total $ 175,000,000.00 ================ To further effectuate the foregoing, upon the effectiveness of this Amendment as hereinafter set forth, Section 1.1 of the Credit Agreement shall be and hereby is amended by striking the amount "$250,000,000" wherever appearing therein and substituting therefor the amount "$175,000,000".
Decrease in Commitments. This Agreement shall be deemed written notice by the Borrower of a ratable reduction in part of the unused portion of Commitments pursuant to Section 2.1(b)(i) of the Credit Agreement. On the Effective Date, after giving effect to the contemplated reduction herein, (a) the Commitments shall be as set forth on the revised Schedule II attached to Annex A, and (b) each Lender’s Commitment shall be automatically decreased to the amount set forth adjacent to such Lender’s name on such replacement Schedule II.
Decrease in Commitments. The parties hereby agree and acknowledge that (a) the aggregate Revolving Commitments shall be reduced to $90,000,000.00 and (b) the Lenders’ respective Revolving Commitments shall be the amount set forth next to the respective names under the caption “Revolving Commitment” on Schedule II attached hereto.